Under Armour Inc ($UA) : Cup and Handle. Bullish.

Under Armour ($UA) continues its bullish move up since it breakout from the kumo resistance in end June. Yesterday, together with the overall market movement, UA hit a new high with a very nice cup and handle forming. So far, UA has managed to hold its price above the $76 range. On the Ichimoku chart,… Continue reading Under Armour Inc ($UA) : Cup and Handle. Bullish.

Watch the Gold : Possible Cup and Handle

With the Euro weakens considerably (and may even dropped further), the Gold chart seems to be a cup and handle in formation. If it stays at current level, the leading kumo support is fairly thick. It also has good support from the Weekly Chart at 110. If Euro issues worsen this week, I won’t be… Continue reading Watch the Gold : Possible Cup and Handle

Anhui Tianda Oil Pipe Company Limited (0839) : Very nice Cup and Handle formation

Previous post on Anhui Tiande highlights the kumo resistance. And indeed, Anhui Tiande hit the kumo and retrace a little. What happens next is it actually forms a cup and handle and when it break through the kumo resistance, it breaks through strongly. Very nice 🙂